Tag Archives: Duncan Accountants

TAX MYTH – First Time Home Buyers

Written By on February 22, 2017

We are looking at the First Time Home Buyers amount; a $5,000 non-refundable tax credit that can save you up to $750. Tax Myth: The First Time Home Buyer’s tax credit is based on your percentage ownership of the property That is incorrect.┬áLast year, we talked to a young couple that recently purchase a home. On the “tax advice” of their lender, they were told that the First Time Home Buyer’s tax credit is based on their percentage ownership. The […]

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